Exhibit 8-2

question 31

Multiple Choice

Exhibit 8-2.The mortgage foreclosure crisis that preceded the Great Recession impacted the U.S.economy in many ways,but it also impacted the foreclosure process itself as community activists better learned how to delay foreclosure,and lenders became more wary of filing faulty documentation.Suppose the duration of the eight most recent foreclosures filed in the city of Boston (from the beginning of foreclosure proceedings to the filing of the foreclosure deed,transferring the property) has been 230 days,420 days,340 days,367 days,295 days,314 days,385 days,and 311 days.Assume the duration is normally distributed. Refer to Exhibit 8-2.Construct a 90% confidence interval for the mean duration of the foreclosure process in Boston.

• A)[259.7400,405.7600]
• B)[293.2137,372.2863]
• C)[298.4296,367.0704]
• D)[303.2282,362.2718]

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Definitions:

Aluminum Frame

A structural framework for vehicles or other structures made from aluminum, chosen for its strength, lightweight properties, and resistance to corrosion.

Equalizing-beam

A suspension component in heavy vehicles that distributes weight and absorbs shock evenly across all wheels for a stable ride.

Camelback

A design feature in some types of suspension systems or vehicle chassis, characterized by a humped shape to allow for greater flexibility or weight distribution.

Solid Rubber Block

A dense piece of rubber material used for various applications, including vibration damping and support structures.